On Thursday, Electronics chain Best Buy Co. (NYSE:BBY) shares declined 6.2% in premarket session following the firm cautioned that its third-quarter per-share profit would be “considerably lower” that of the last year same quarter’s figure.
The Richfield, Minn.-located firm also stated same-store sales are predicted to decline at a rate steady with the trends of the initial two quarters of the year, when sales declined 5.3% and 3.2% each.
Its competitors include Amazon.com, Inc. (NASDAQ:AMZN) that slipped -0.14% to $228.16 with the total traded volume of 1.75 million shares and Wal-Mart Stores, Inc. (NYSE:WMT) that increased +0.47% to $75.17 with the total traded volume of 2.34 million shares.
Other Services stocks with bullish trend include PSS World Medical, Inc. (NASDAQ:PSSI) up +32.36% to $28.59, Starbucks Corporation (NASDAQ:SBUX) up +2.45% to $46.37 and Royal Caribbean Cruises Ltd. (NYSE:RCL) up +9.41% to $34.08, whereas with bearish trend include Sirius XM Radio Inc (NASDAQ:SIRI) down -0.71% to $2.87, News Corp (NASDAQ:NWSA) down -1.04% to $24.18 and CSX Corporation(NYSE:CSX) down -0.19% to $20.55.
Best Buy Co., Inc (NYSE:BBY) dropped -0.15% or -$0.03 to trading at $20.56 following it hit intra day high level of $20.82. The total traded volume in the current trading session is 7.53 million shares as compared to average 9.26 million shares. Its fifty two week trading range is $19.87 – $23.71. The total market capitalization reached $21.18 billion.
The stock price was behind its 52 week low price with -5.66% and it lagged behind -45.05% from its 52 week maximum mark. Stock price volatility for last month remained 2.90%. In its share capital, the company has 336.67 million outstanding shares out of which 268.92 million shares have been floated in the market. For now, stock ownership with company’s management remained 1.15%.
BBY presented a pessimistic weekly performance of -3.81% with respect to its rate of return and it remained -0.06% for the month. However, the performance for a quarter experienced a negative change of -0.88% and it slumped -32.94% for a year and its year to date performance remained in red with -25.79%.
Current stock price is in the downbeat territory taking into account of 20 days moving average with -13.30% and continued decreased run for 50 days moving average with -14.92%. Its earning per share for the past twelve months was $-3.52. Company’s beta coefficient was at 1.29. Beta measures the amount of market risk associated with market trade.
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